Kinder Morgan (KMI) Given a $22.00 Price Target by Credit Suisse Group Analysts
Kinder Morgan (NYSE:KMI) has been given a $22.00 price target by stock analysts at Credit Suisse Group in a report released on Monday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Credit Suisse Group’s target price points to a potential upside of 26.51% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. SunTrust Banks set a $23.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus cut their price target on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Royal Bank of Canada restated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research note on Wednesday, November 15th. Finally, Mizuho restated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.50.
Shares of Kinder Morgan (NYSE:KMI) opened at $17.39 on Monday. Kinder Morgan has a twelve month low of $16.56 and a twelve month high of $22.64. The company has a market capitalization of $38,840.00, a PE ratio of 1,739.00, a P/E/G ratio of 1.17 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35.
In related news, VP Thomas A. Martin acquired 3,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average cost of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William A. Smith acquired 5,500 shares of the stock in a transaction dated Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares in the company, valued at $284,738.24. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Welch Investments LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at about $102,000. Valeo Financial Advisors LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at about $104,000. Sit Investment Associates Inc. lifted its position in shares of Kinder Morgan by 237.1% during the 4th quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after buying an additional 4,730 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $126,000. Finally, Goodman Financial Corp purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $126,000. 60.42% of the stock is currently owned by hedge funds and other institutional investors.
Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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